Elliott Wave Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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“Luck is what happens when preparation meets opportunity.” – Seneca
Crude Oil is balanced with a trading-range, so my plan is to buy the low and sell the high using failure patterns…
E-Mini S&P is range-bound and sideways, so im looking to fade the breakouts using the ‘2-Try Rule’ for trading opportunities tomorrow morning…
Nasdaq is bearish and trading in a range, so my goal is to sell off the high using a 2-Try Failure pattern…
Gold is bullish and setting-up for a beautiful Elliott Wave pattern, and I have my eyes on a key support zone around the low of a hidden channel…
Euro is bullish and trying to rotate back into the range from Monday, and I have my eyes on a 2-Try Failure for buying opportunities…
We’re back with some more reliable trading opportunities for Wednesday’s session – with a few strong trends, a handful of ranges, and a few patterns you may have never learned before, tonight’s newsletter is certainly a must-watch!
Crude Oil Day Trading Strategy
Crude Oil is slightly bearish with a channel, trading-range, and measured-move on the chart this evening…
As anticipated, yesterday’s big run higher transitioned into a sideways (and sloppy) range today…
The short-term momentum is bearish, but look left and you can see the long-term momentum is clearly bullish, giving us equal opportunities to buy the low and sell the high using the 2-Try Rule tomorrow morning…
The only concern I have tomorrow is that Inventory Report @ 10:30am EST… my cutoff for reliable trades is 10am, so time is tight and we’ll be looking for those opportunities as early as possible tomorrow morning…
E-Mini S&P Day Trading Strategy
E-Mini S&P is sideways with a trading-range, triangle, and ‘pendulum swing’ on the chart this evening…
The market’s momentum is slightly tilted to the sell-side after the collapse off the high, with the ‘pendulum swing’ giving us a completed target for the bears down around 2920 tomorrow morning…
So im looking to buy the low and sell the high of this range using the ‘2-Try Rule’, and the most important rule will be to stay patient for the right locations for the best trading opportunities…
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bearish with a trading-range, triangle, and measured-move on the chart this evening…
The bears have the short-term momentum, telling me to look for selling-opportunities at resistance levels overhead, and there’s no better location than the high of the range…
If price pushes lower we have plenty of support to look for buying opportunities going back into the range – the only challenge will be waiting for the short-term momentum to turn bullish…
So im looking for the sellers to try TWICE in the battle-zone for the most reliable buying opportunities tomorrow morning…
Gold Day Trading Strategy
Gold is bullish with a hidden channel, resistance trend-line and measured-move on the chart this evening…
The bulls have control of the short-term momentum and will be looking go re-test the highs tomorrow morning, so im looking for buying opportunities at support levels…
I can see this price-action looking similar to a 5th-wave Elliott Wave pattern, which would trigger us long down in the battle-zone below 1204.5 using the low of this hidden channel…
At the very least, I would love to see a 2-Try Failure below this moving-average and then (with the proper signal) look for buying opportunities back up to the high…
Euro Day Trading Strategy
Euro is bullish with a trading-range and support trend-line on the chart this evening…
The bears started with a strong push lower this morning, but after two tries from the sellers we can see the short-term momentum is now bullish and likely trying to take us back into the range where we started from…
So my plan is to look for buying opportunities at support levels tomorrow morning…
In the short-term im looking for a 2-Try Failure below the moving-average, but if we don’t get the set-up and price shoots higher Im going to get aggressive ahead of the short-covering rally and look to buy pullbacks with a target back to the high of the range…
